18A:20-39. Securities not to be canceled; sale; resolution
Securities of a school district, purchased by it, shall not be canceled but may be sold as and when directed by resolution adopted by a majority vote of all the members of the board of education.
L.1977, c. 177, s. 3, eff. Aug. 16, 1977.
This is the verbatim text of N.J.S.A. 18A:20-39, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. KyzerLex is not a law firm and this page is not legal advice.